the accounts are out!, page-5

Punter_666

After the initial shock my brain went to;

The outage was a planned outage that was deffered from last year. Probably not the best time to do it during peak season i would have thought. Not a major issue anyway.

The operating expenses went up driven by the Carbon tax which should be offset by the increase in revenue.

The $8.766m gift was taken up as unearned income in last years accounts from what I can see. Debt did go up but it needs to be offset by the increase in receivables by $15m which was paid in April by Ausgrid. If you look at the cash flow only half the interest was paid the rest was accrued, increasing debt.

I assume that there will not be an outage for the second half of the year.

When looking at the result, it wasnt all that bad. The question is whether there is any upside left from the Arbitration that hasnt been taken up in the half year accounts? such as legal expenses that are to be reimbursed etc..